
TSE:PKI
This summary was created by AI, based on 9 opinions in the last 12 months.
Parkland Fuel Corp (PKI-T) has garnered significant attention following its acquisition deal with Sunoco. Experts are generally optimistic about the transaction, with several analysts noting the strong assets and potential for margin growth given the current geopolitical climate. There is a price target of $41.50 being discussed, with initial suggestions indicating a takeout offer of around $44, although its current trading price remains below this threshold, raising concerns about the deal's completion. Some analysts recommend shareholders consider their options ahead of the October 17 deadline, while others express caution about potential volatility post-acquisition. Overall, while the stock is linked to steady dividends, the mid-term outlook appears to be less favorable due to integration challenges with Sunoco.
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. There is no news to account for the sell off today. However, out of the past 8 days, the stock has risen 7 days with a total increase of $6 in two weeks. Unlock Premium - Try 5i Free
He owns ATD-B instead, but PKI is a great, profitable company. The dividend will grow and the company is a great buyer of assets and opportunities may lie ahead in the wake of today's Marathon deal.
A big footprint in western Canada and it is a fairly non-cyclical business. The price of oil does not affect them the way you think. When oil prices drop sharply, there is a huge spike in their margins. It is a consolidator. They will be able to do these tuck-in acquisitions. He prefers ATD.B-T but likes this one too.
(A Top Pick Mar 06/19, Up 27%) Management is doing everything they should. They just bought assets in the massive California market as well as in the Caribbean. They leveraged some refining capacity to send fuel to some locations. They buy wholesale that they refine, then sell it at retail--that's the spread they make. Happy to hold this. It's a mini-Couche Tard (ATD'B), but PKI more nimble in making acquisitions and own a refinery.
Great company. Likes it, but prefers Couche-Tard. Has grown nicely. Dividend higher than ATD.B. Both hinge on increasing electrification. Can buy it pretty comfortably here.